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AfterFees

Borrow rates · AXS

Borrow AXS: rates on every exchange

Annualised margin borrow rates for AXS at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-10-29 19:20 UTC

AXS borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bitget1.80%1.80%1.80%1.80%$180.4K$72.1KBorrowable
Bybit8.25%8.26%8.26%8.26%$4.5Knot publishedBorrowable
OKX10.50%10.72%10.86%10.72%$5.8Knot publishedBorrowable
Binance19.35%19.77%19.95%19.77%$5.6Knot publishedBorrowable
Gate20.83%20.90%22.37%20.90% *$20Knot publishedBorrowable

Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred).

Reverse carry on AXS: borrow and sell spot, long the perp

No reverse AXS carry nets a profit at this size right now.

At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.

AXS perps, most negative funding first

ExchangeContractRateEveryAnnualised
KrakenPF_AXSUSD-0.0125%1 h−109.6%
BybitAXSUSDT-0.0017%8 h−1.9%
BloFinAXS-USDT0.0029%4 h+6.5%
OKXAXS-USDT-SWAP0.0035%4 h+7.6%
GRVTAXS_USDT_Perp0.0043%4 h+9.4%
LighterAXS0.0012%1 h+10.5%
KuCoinAXSUSDTM0.0050%4 h+10.9%
MEXCAXS_USDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinAXS

Questions

Where is it cheapest to borrow AXS?

Bitget, at 1.80% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend AXS.

Can I earn negative funding on AXS by borrowing it?

Not right now: no reverse AXS carry covers its borrow interest, fees and slippage at $10,000 for 7 days.

The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.